CHICAGO—As reported in GlobeSt.com, the partnership ofChicago-based Hansen Realty and CentrumPartners aims to revive Bradley Business Center, a North Center officeand recreation complex at 2500 W. Bradley Pl., and the companieshave bought out another partner, New York City-basedAngelo, Gordon and Co.

|

“This partnership is committed to repositioning this uniquespace as a premier office and recreational destination on thecity's North Side,” says John Hansen, principal ofHansen Realty. “The property consists of 500,000-square-feet on 22acres in the very desirable North Center neighborhood of Chicago.There are few commercial space opportunities like this available inthe city and recent activity has proven a testament to the benefitsof this property's location and amenities.”

|

Located off of Addison St. and near Western Ave., the centerconsists of the 350,000-square foot 2500 W. Bradley Place location,and the 150,000-square-foot 2630 W. Bradley Place, which thepartners completely leased up in December 2011 with such tenants ascable provider RCN, WarnerBrothers, a Lil Kickers soccer academyand Goldfish Swim School. Together, the complexoffers 405 above-ground parking spaces.

|

Most recently, the new partnership has signed two leases withIK Gymnastics and Lil Sluggersfor a total of 44,000-square-feet at 2500 W. Bradley. Lil Sluggers,a baseball academy will take 20,000-square-feet, and IK Gymnasticswill expand with a new 24,000-square-foot lease and build-out. IKGymnastics currently operates a 16,000-square-foot facility at the2630 W. Bradley location.

|

“Being located in a premier residential area such as NorthCenter has helped these recreational users flourish as thesebusinesses offer options to families who don't want to drive to thesuburbs to provide extracurricular activities for their kids,”Hansen adds. “It has also created a wonderful synergy with ouroffice users, such as the Tribune Company andAlstyle, as both user types have different peakhours. As a result, we have created an environment that supportssuccessful businesses in daytime and evening hours.”

|

Hansen and Centrum recently completed a 5,000-square-footshared-office space center at 2500 W. Bradley, and will now shiftits focus to the remaining 55,000-square-feet of office space.

|

“There simply are no floor plates of this size anywhere else onthe North Side,” Hansen says. “We are confident that this locationis primed to support the next wave of corporate growth inChicago.”

|

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.